Five Below, Inc. (NASDAQ:FIVE) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its holdings in shares of Five Below, Inc. (NASDAQ:FIVE) by 42.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,466 shares of the specialty retailer’s stock after selling 3,969 shares during the quarter. HighTower Advisors LLC’s holdings in Five Below were worth $483,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FIVE. Charles Schwab Investment Management Inc. grew its position in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after buying an additional 180,902 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Five Below in the 3rd quarter worth approximately $3,282,000. Janney Montgomery Scott LLC increased its stake in shares of Five Below by 72.8% during the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock valued at $1,927,000 after acquiring an additional 9,188 shares during the period. Algert Global LLC raised its holdings in Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in Five Below by 1,379.0% in the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after purchasing an additional 15,734 shares during the period.

Five Below Stock Performance

NASDAQ FIVE opened at $106.08 on Friday. The firm has a 50-day simple moving average of $94.69 and a 200 day simple moving average of $93.01. The stock has a market cap of $5.84 billion, a PE ratio of 21.87, a PEG ratio of 1.12 and a beta of 1.18. Five Below, Inc. has a twelve month low of $64.87 and a twelve month high of $216.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Research analysts forecast that Five Below, Inc. will post 4.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FIVE shares. Melius Research began coverage on Five Below in a research report on Monday, September 23rd. They set a “hold” rating and a $100.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Mizuho boosted their target price on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and a consensus price target of $116.15.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.